Popular Carbon Credits Fail to Offset Emissions, Probe Shows
09/15/2023 06:51
A popular category of carbon offsets held by a number of major publicly traded companies is significantly more prone to greenwashing than previously feared, according to a new investigation of the financial instruments.
A popular category of carbon offsets held by a number of major publicly traded companies, including Delta airlines, failed to offset emissions, according to a new investigation.
Photographer: Angus Mordant/BloombergA popular category of carbon offsets held by a number of major publicly traded companies is significantly more prone to greenwashing than previously feared, according to a new investigation of the financial instruments.
The conclusion is based on work done by a team of 14 researchers in association with the University of California, Berkeley’s Goldman School of Public Policy. The study looked at so-called REDD+ credits, which represent roughly a quarter of carbon offsets issued globally.
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Popular Carbon Credits Fail to Offset Emissions, Probe Shows